R&D Tax Credits Bury
R&D Tax Relief Experts
R&D Tax Credits, What are They?
R&D Tax Credits are a major initiative run by the government to reward limited organizations working in trying to move the boundaries of what is attainable inside their industry.
R&D Tax Credits were first unveiled in 2000, so if your company has invested in its own development throughout this time and you're yet to lodge a claim, you may have now lost tens, if not hundreds of thousands of pounds in lost tax relief since you can only reclaim company spend placed down over the past two-open tax years.
How can this type of tax relief help your organisation?
Organizations like yours can restore in between 25-33% of their qualified investment costs back whenever they've been investing in making improvements to their firms products, devices, processes, systems etc and might also make use of reduced corporation tax obligations in the future.
The government of the United Kingdom are keen for the business community of the Uk to keep doing what its consistently done, and that's to develop new and upgraded ways of doing things or perhaps creating new game-changing innovations that might be held in high regard on the world stage.
R&D Tax Credits are A leading government program intended to repay organizations for looking to secure an advance inside their business.
When your small business is operating in profit, you can expect a £25,000 reduction away from your next tax bill for every £100k of qualifying spend unearthed. Where your enterprise incurs a loss, it can surrender this loss to secure an almost instant cash rebate from HMRC worth £33,350 for each and every £100k of eligible spend observed.
A typical sum of money we help to locate for our SME customers is now well over £46,000.00, so you're able to see we're not speaking small change here.
Many companies continue to be not aware that lots of their ongoing activities might easily constitute eligible Research & Development (R&D) and that once they appreciate up to 100% of people’s income might be included, that the quantities rapidly increase to their benefit.
Firms just like yours who've spent company cash on attempting to improve will be handsomely rewarded via this government initiative.
Any time you and/or your team (together with sub-contractors) are trying to unravel technical issues with an undertaking, even if the undertaking doesn't reach the desired result you'll still have the possibility to claim a percentage of cash spent back. What is crucial is that you are trying to secure progress since this will advance your knowledge, know-how and capabilities in the future.
How do I recognize if my firm is eligible for this particular relief?
Firstly all British Limited firms who are eligible to pay UK corporation tax could be qualified to claim.
Let’s bear in mind how the incentive was created to encourage you on in your efforts to achieve progress inside your business and sector whilst looking to remedy in either of the tech obstacles that stand in the way of innovation being secured.
It is the ongoing endeavours to unravel these difficulties with realising an advancement that's a flag that qualified Research & Development (R&D) activity could be being conducted.
Many organizations are carrying out eligible R and D however are unaware to it as it just seems like 'business as normal,' don't miss out, call the experts now; we can help you.
When your organization is attempting to enhance its products and solutions, processes, techniques, services, devices etc then you need to speak to one of our specialist advisers to determine if your endeavours constitute qualifying R and D.
With so much false information out there as to what does and doesn't qualify as Research and Development activities, if you've been making an investment in your company improvement over the last three years call one of our expert advisers now and we will be happy to provide advice on whether you may qualify or not.
Why you can trust Hamilton Wood And Co?
- Our senior R&D Technical specialist resides on HMRC’s R & D Consultation Committee, so you couldn’t be in safer hands.
- We have a 100% success rate to-date.
- We get an average in excess of £46,000 for our SME clients.
- We have an approved methodology recognized by HMRC and can get more of your funds back in your business in just six - nine weeks.
- We work on a success only basis, so if there's really no eligible activity, there is no fee for our time, so it’s a risk-free process.
- We are partnered with accountants on a national basis and supply our guidance and expertise to help safely optimise their clients R and D tax claim.
- Hamilton Wood and Co. are multi award winners for stimulating UK businesses.
- We are recognised as a top rated Research and Development tax credit specialist in the UK.